This entry was posted on Thursday, August 28th, 2008 at 1:30 pm and is filed under Quick Hits.
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Best commenter, part I wish I wrote:
the GDP price inflator doesn't account for price hikes in oil imports.
are we experiencing inflation? yes. but it is a result of import price increases. domestically, thanks to crashing credit availability, i think we're actually experiencing something closer to a deflationary environment.